Ah yes, .9230 area...we meet again!
China manufacturing output and new orders both expand at weaker rates in August
Output and new orders both expand at weaker rates in August. Key points. Flash China Manufacturing PMI™ at 50.3 in August (51.7 in July). Three-month low. Flash China Manufacturing Output Index at 51.3 in August (52.8 in July). Three-month low. Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co - Head of Asian Economic Research a t HSBC said: “ The HSBC Flash China Manufacturing PMI moderated to 50.3 in August, down from 51.7 in July. Both domestic and external new orders rose at slower rates compared to the previous month. Meanwhile, disinflationary pressure ... (full story)